SBI is offering country’s first electric vehicle loan, know how to take it – what will be the interest rate

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SBI is offering loans for up to 8 years to customers through this loan segment in which up to 90 percent of the on-road price of electric vehicle can be financed.

State Bank of India (SBI), the largest government bank in the country, often brings such schemes which provide many facilities to the citizens of the country. As you know, the demand for clean fuel based vehicles such as electric vehicles is increasing in the country and the interest of people for them is also increasing rapidly even though there was no loan arrangement for them yet. Now SBI has started this work, that is, it has started giving the country’s first electric vehicle loan. Here you can know everything about this ‘Green Car Loan’ of SBI.

How can this green loan be taken

SBI is offering loans for up to 8 years to customers through this loan segment in which up to 90 percent of the on-road price of electric vehicle can be financed.

How much will the interest rate of SBI’s electric vehicle loan

According to the information just received, the interest rate on SBI’s green loan will be 0.20 percent less than the normal auto loan.

Which documents will be needed

For taking SBI Green loan, first 6 months bank statement, 2 passport photos will be required.

Passport, PAN card, voter ID card, driving license will be required for ID card.

Apart from this, for the income class, the latest salary slip, Form 16, etc. will be applied.

It will be necessary for the business class or others to show a return of 2 years.

The loan will be available on the basis of land documents, etc. for the applicant in the agricultural sector.

SBI has brought this green car loan so that its customers can be attracted towards the purchase of electric vehicles. Electric vehicles are comparatively more expensive than other vehicles such as petrol cars and diesel vehicles, so auto customers have some hesitation for them, although a big difference is that they are profitable and they cost a lot in the long run. Decreases.

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